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DNV Sees Ammonia Bunker Demand at 2.3 Million MT/Year in 2030
Demand for ammonia as a marine fuel could reach as much as 2.3 million mt/year by 2030, according to classification society DNV.
The firm has published a white paper setting out its research on the availability of green and blue ammonia in 2030 to 2050.
The research estimates ammonia bunker demand at 2.3 million mt/year in 2030, 62 million mt/year in 2040 and 245 million mt/year in 2050.
"Ammonia is a nascent marine fuel, and will most likely make up 35% of all shipping fuels in 2050," the company said in the report.
"Yet even this spectacular growth must be seen in a broader context of hydrogen use quadrupling to 2050: marine ammonia fuel is a very small fish in the pond, making up less than 10% of clean hydrogen, ammonia, and e-fuels in 2050."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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